Defunct Exchange QuadrigaCX Likely Did Not Plan Exit Scam

The CEO of United States cryptocurrency exchange Coinbase added to theories surrounding the downfall of Canadian platform QuadrigaCX in fresh social media comments on Feb. 21. In a series of tweets, Brian Armstrong suggested the exchange, which is currently undergoing restructuring procedures and owes creditors around $190 million, did not attempt fraud. “(QuadrigaCX) was one …

Telegram TON Network to Launch by October 2019 or Token Contracts Are Void

Purchase agreements for messenger service Telegram’s Gram tokens will be terminated if the Telegram Open Network (TON) does not launch by October 31, 2019. An apparent purchase agreement with the said terms was obtained by Cointelegraph on Feb. 21. The agreement details the legal niceties of Gram token purchases, outlining regulations for different jurisdictions in …

Binance’s Charity Arm Rolls Out Blockchain-Powered School Lunch Campaign

The charity arm of the world’s largest crypto exchange, Binance, has launched its pilot blockchain-based lunch program in African schools, according to a blog post on Feb. 21. Binance Charity Foundation (BCF) has rolled out its charity campaign “Lunch for Children” in the capital of Uganda, Kampala. According to the program, the organization is set …

Bahrain’s Central Bank Launches Sandbox for Blockchain Companies: Report

Bahrain’s central bank is launching a regulatory sandbox to allow blockchain and crypto companies to work in the country, pending formalized regulations. The news was reported by Bloomberg оn Feb. 20. As previously reported, in December 2018, the central bank issued draft proposals to potentially regulate and license crypto asset services. With the prospective framework …

Mark Zuckerberg Considers Blockchain Authorization of Data in Recent Interview

Facebook CEO and founder Mark Zuckerberg considered the ramifications of blockchain-based authorization of user data during an interview with Harvard Law professor Jonathan Zittrain on Feb. 20. During a discussion covering such topics as the future of technology and society, Zuckerberg noted that he “think[s] about the work we [Facebook] are a decentralizing force in …

Binance Launches Decentralized Crypto Exchange Testnet

Major cryptocurrency exchange Binance has launched the testnet of its new decentralized exchange, Binance DEX, according to a press release shared with Cointelegraph on Feb. 20. Per Binance, the exchange, powered by Binance Chain — a new blockchain and peer-to-peer (p2p) distributed system — is already available for customers. Users can create wallets and start …

Staking Coins for Gains Potentially a Good Strategy in a Bear Market but Is Not Without Risk

Volatility coupled with one of the longest bear markets ever experienced by the cryptocurrency industry have compelled many investors to consider staking as a method of “playing it safe,” according to a Bloomberg article. Staking, which is similar to earning dividends or interest on your investment, is not a new concept. However, in a long …